Dear Friends,
We know this is an uncertain and unsettling time. It is understandable to be fearful and anxious. As Catholics, we know, too, that now, more than ever, we’re called to have faith, hold hope, and be light for others. We’d like for you to know the ways in which the Catholic Community Foundation of Minnesota (CCF) is doing just that in the midst of COVID-19 and its impact.
At one time, certificates of deposit (CDs) were a reliable high-yield savings vehicle. But after the Federal Reserve (the Fed) cut interest rates four times since July 2019, CD rates hover around just 2.00%. And there’s no indication the Fed will raise rates anytime soon. So if you’re considering opening or renewing a CD, what other options do you have […]
The Catholic Community Foundation of Minnesota (CCF) has a history of earning healthy returns on its investments — but high returns aren’t CCF’s only goal. Catholic values and a desire to achieve the greatest good are at the heart of every investment CCF makes and every grant check CCF writes…
Fiscal year 2019 was yet another year of growth for the Catholic Community Foundation of Minnesota (CCF). We opened 59 new funds, growing our assets under management to $378 million – a growth of $19.6 million.
Dear Friends,
What is a community if it doesn’t hold beliefs in common and come together to act on those beliefs? Isn’t that what we celebrate at Mass? When our shepherd holds the host before our eyes and says, “The Body of Christ,” we affirm our belief with a simple “amen” — it is so. Then, we take and eat. We believe, and so we do…
Some of the best tools for planning for retirement are pre-tax retirement accounts. Your income goes directly into these funds, without being taxed, and then grows tax free for years. You don’t have to worry about paying taxes on these accounts until you start withdrawing the money during retirement. But, all good things must come to an end. So, tax law requires that you…
With the April tax deadline fast approaching, Americans start to realize we maybe should have made additional charitable gifts in 2016 to receive a more robust tax deduction. The good news is, with a little planning, you can turn that realization into next year’s reality. It’s never too early to plan ways to maximize the impact of your charitable gifts and achieve a favorable tax outcome for 2017 at the same time.
For a lot of us, it’s part of our seasonal routine: When the holidays come, we send gifts to our favorite people and donations to our favorite nonprofits. We think the end of the year is the best time to give to charity. But the truth may make you rethink year-end giving: 1. Nonprofits need your donations before year-end, but […]
Thanks to you, the Catholic Community Foundation of Minnesota was able to grant nearly $17M to our community in the 2019 fiscal year. This is only possible with your support. We are so grateful to you. As we head into the holiday season and you consider your charitable giving for the end of this taxable year, please keep the following […]
With the adventures of summer behind us, the fall season calls us back to routine — back to our plans. It’s comforting to have a plan. A plan removes the stress and anxiety of the unknown. It gives us a roadmap, and by following it, we trust we’ll achieve our goals.
In our more than 25 years of ministering to Catholics and their philanthropy, we’ve come to learn that there’s one goal everyone shares: giving well. But planning for this goal can sometimes feel overwhelming. We often hear people say, “There is so much need. How can I be sure my philanthropy is making a difference?”